Many Chinese businesses are struggling from the economic fallout of the coronavirus. Photo: Reuters

Coronavirus: nearly half a million Chinese companies close in first quarter as pandemic batters economy

  • Some 460,000 Chinese firms shut in the first quarter amid fallout from the coronavirus
  • Registration of new firms between January and March fell 29 per cent from a year earlier
Topic |   China economy
Many Chinese businesses are struggling from the economic fallout of the coronavirus. Photo: Reuters
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